In this illustration taken on January 27, 2022, flags of China and the United States are seen printed on paper.
Ruvic Date | Reuters
Chinese President Xi Jinping met with global executives on Friday as Beijing focused on escalating trade tensions with the United States, saying U.S.-China trade tensions should be resolved through negotiations.
Xi Jinping stressed how the country is safe and stable for foreign companies. “Investing in China is tomorrow’s investment,” CNBC translated Mandarin says.
Xi Jinping added that China will ensure fair opportunities for foreign companies to participate in government procurement bidding, echoing the recent policy plans.
XI MET’s business leaders include Ray Dalio of Bridgewater Associates, CEO of Standard Chartered Bill Winters and CEO of Blackstone Group Steve Schwartzman. He said multinational corporations have a significant responsibility in restoring global order and they need to work hand in hand with China.
US President Donald Trump China’s tariffs have increased by 20% since January The role of the fentanyl crisis in the United Statesand threaten to incur new tariffs on major trading partners starting in early April. Trump said this week China’s tariffs may be reduced To complete a forced Beijing-based deal to sell Tiktok’s U.S. business.
The United States has added dozens of more this week Chinese tech companies blacklist their exportsthis First of all, restrictions under the Trump administration.
“We need to work hard to stabilize global supply chains,” Xi Jinping said.
China has increased trade with Southeast Asian countries and the EU, but the United States remains Beijing’s largest trading partner.
To show how Beijing seeks Offset trade pressureinstead of forcibly retaliating, but with a state-backed executive of major U.S. companies Annual Meeting From Sunday to Monday. Apple CEO Tim Cook was one of the executives attending the meeting, while Tesla CEO Elon Musk was prominent for his absence.
Also on Sunday, Republican Senator Steve Danes meets Chinese Prime Minister Lee Kunge In Beijing – American politicians visited China for the first time since Trump began his latest term in January.
“This is the next important first step, and it will be a meeting between President Xi Jinping and President Trump,” Danes told the Wall Street Journal. “This happens and where it happens.”
The White House did not respond to CNBC’s request for comment.
Lee urged cooperation to say No one can get it from a trade war According to state media.
Senior executives at major companies including FedEx, Pfizer, Cargill, Qualcomm and Boeing, as well as Sean Stein, chairman of the U.S. China Business Council, also attended the meeting with Lee, according to foreign media pool.
